For third-quarter 2023, AXT Inc of Fremont, CA, USA – which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials – has reported a further decline in revenue, from $18.6m last quarter to $17.4m, more than halving from $35.2m a year ago. By product category, gallium arsenide revenue has fallen further, from $8.1m a year ago and $5.4m last quarter to $4.2m… Source: https://www.semiconductor-today.com/news_items/2023/nov/axt-241123.shtml
